GBP/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been in a clear uptrend since the end of July. In two and a half months before that it has depreciated by 780 pips. With the recent (13th of September) attempt to breach pattern's boundaries at 1.4812 pair has recovered almost all of those losses weighing even more on further depreciation of the pair on the grounds of psychological effects. Despite the clear downtrend before the pattern, and moves in the pattern it seems that Fibonacci retracements cannot be employed in the analysis. At the moment pair is trading slightly above the week opening levels, but it seems unlikely it will start appreciating once again since 20-day SMA has evidently given strong bearish impetus.  

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 24 Sep 2013 13:31:47 GMT

EUR/GBP 4H Chart: Channel Down

Euro and pound was in focus of the media in quite of few cases recently which causes  few noisy periods with increased volatility. This is reflected in the pattern's quality (being just slightly above the average).  On the other hand, we have high level magnitude which offers significant trading opportunities. Due to the mentioned volatility we could not employ Fibonacci

Tue, 24 Sep 2013 07:44:05 GMT

USD/HKD 1H Chart: Channel Down

The Hong Kong Dollar has been outperforming its U.S. counterpart since the beginning of September, but during the latest 130 hours this has been happening in a more orderly fashion, namely within two parallel and at the same time declining trend-lines.

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.